Guideline Value for KARIMEDU 5TH STREET

Karimedu 5th Street guideline value

The current guideline value of Karimedu 5th Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Perambur village under the Purasaivakkam SRO, and it falls under Residential Class IV Type - I land classification.

How the guideline value of Karimedu 5th Street has changed

The guideline value for Karimedu 5th Street has undergone several revisions over the years. In 2007, the guideline value was Rs 500 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012. However, this value saw a decrease of 33% to Rs 1,340 per sq.ft in 2017. The value then rose sharply to Rs 2,000 per sq.ft in 2023, followed by a further increase of 10% to the current value of Rs 2,200 per sq.ft in 2024.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 340%.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO, with 2024 guideline values ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median guideline value for these streets is Rs 2,700 per sq.ft, placing the 2024 value of Karimedu 5th Street below this median.

• Karimedu 4th Street: Rs 2,200 per sq.ft (2024)
• Karimedu 3rd Street: Rs 2,200 per sq.ft (2024)
• Karimedu 2nd Street: Rs 2,200 per sq.ft (2024)
• Karimedu 1st Street: Rs 2,200 per sq.ft (2024)
• Karimedu: Rs 2,200 per sq.ft (2024)
• Karnatic Mill Colony: Rs 4,300 per sq.ft (2024)

Stamp duty and registration fee for property in Karimedu 5th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, making the total Rs 1,98,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Karimedu 5th Street?

The Sub Registrar Office that covers Karimedu 5th Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Perambur

The guideline value is an important factor when registering property transactions in Perambur. It is used to determine the stamp duty and registration fees applicable to the property, ensuring that the government receives the correct revenue from property transactions.

When a property is bought or sold, the guideline value serves as a benchmark for the transaction value. If the sale price is higher than the guideline value, the stamp duty is calculated based on the sale price instead.

Frequently asked questions

What is the current guideline value of Karimedu 5th Street?

The current guideline value of Karimedu 5th Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, marking an overall increase of 340% over the years.

What are the other streets in Perambur with the same guideline value?

Other streets in Perambur with the same guideline value of Rs 2,200 per sq.ft in 2024 include Karimedu 1st Street, Karimedu 2nd Street, Karimedu 3rd Street, Karimedu 4th Street, and Karimedu.

What are the stamp duty and registration fees for properties in Karimedu 5th Street?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Where is the Sub Registrar Office for Karimedu 5th Street located?

The Sub Registrar Office for Karimedu 5th Street is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012, under the Purasaivakkam registration zone.